What is OpenComp?
Founded in 2021 and headquartered in San Francisco, OpenComp is a pioneering platform designed to help high-growth organizations optimize their compensation strategies and ensure equitable employee pay. By integrating trusted market data, advanced planning tools, comprehensive analytics, and professional consultation, OpenComp streamlines the complexities of compensation planning into a single, cohesive solution. The company's mission is to empower businesses with the insights needed to make informed, fair, and competitive compensation decisions.
How much funding has OpenComp raised?
OpenComp has raised a total of $24.6M across 2 funding rounds:
Angel/Seed
$4.6M
Series A
$20M
Angel/Seed (2021): $4.6M with participation from E. V. Williams and TIME Ventures
Series A (2022): $20M led by K5 Global, TIME Ventures, Mantis Ventures, 8VC, J.P. Morgan, and Circle Ventures
Key Investors in OpenComp
E. V. Williams
E. V. Williams is an early-stage investor with a focus on emerging technology companies.
K5 Global
K5 Global specializes in supporting organizations operating in high-risk environments, offering risk, due diligence, and specialized consulting services to commercial businesses, government agencies, and international organizations.
TIME Ventures
TIME Ventures is an investment firm that backs innovative companies across various sectors.
What's next for OpenComp?
The substantial enterprise-level funding secured by OpenComp, particularly the recent strategic investment, positions the company for accelerated growth and market expansion. This capital infusion is expected to fuel further development of its compensation intelligence platform, enhance its data analytics capabilities, and broaden its reach within the high-growth company segment. OpenComp is poised to further solidify its position as a leader in simplifying compensation planning and promoting fair pay practices.
See full OpenComp company page
